Retirement Plans and Other Post-Retirement Benefits

9 Months Ended

Sep. 30, 2012

Retirement Plans and Other Post-Retirement Benefits [Abstract]

RETIREMENT PLANS AND OTHER POST-RETIREMENT BENEFITS

7. RETIREMENT PLANS AND OTHER POST-RETIREMENT BENEFITS

The following table provides information with respect to the net periodic costs of our pension and post retirement medical benefit plans.

	Three months ended
	September 30
In thousands	2012			2011
Pension Benefits
Service cost	$	2,778		$	2,492
Interest cost		5,770			6,109
Expected return on plan assets		(10,541	)		(10,454	)
Amortization of prior service cost		614			642
Amortization of unrecognized loss		4,255			3,313
Subtotal		2,876			2,102
One-time settlement charge		—			1,987
Net periodic benefit cost	$	2,876		$	4,089
Other Benefits
Service cost	$	709		$	726
Interest cost		608			704
Expected return on plan assets		(113	)		(130	)
Amortization of prior service cost		(234	)		(305	)
Amortization of unrecognized loss		165			220
Net periodic benefit cost	$	1,135		$	1,215
	Nine months ended
	September 30
In thousands	2012			2011
Pension Benefits
Service cost	$	8,334		$	7,435
Interest cost		17,304			18,206
Expected return on plan assets		(31,651	)		(31,368	)
Amortization of prior service cost		1,841			1,925
Amortization of unrecognized loss		12,765			9,939
Subtotal		8,593			6,137
One-time settlement charge		—			1,987
Net periodic benefit cost	$	8,593		$	8,124
Other Benefits
Service cost	$	2,127		$	2,179
Interest cost		1,824			2,112
Expected return on plan assets		(339	)		(390	)
Amortization of prior service cost		(703	)		(916	)
Amortization of unrecognized loss		496			661
Net periodic benefit cost	$	3,405		$	3,646

In the third quarter of 2011, we recognized a $2.0 million, one-time pension settlement charge in connection with the retirement of our former chief executive officer at the end of 2010 and the lump-sum distribution of accrued pension benefits paid to him in July 2011.